Maks Energy Solutions India (NSE:MAKS) ROCE % : 13.74% (As of Mar. 2023)

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What is Maks Energy Solutions India ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Maks Energy Solutions India's annualized ROCE % for the quarter that ended in Mar. 2023 was 13.74%.

Maks Energy Solutions India ROCE % Historical Data

The historical data trend for Maks Energy Solutions India's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Maks Energy Solutions India ROCE % Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

33.02

16.93

-8.76

13.74

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	33.02	16.93	-8.76	13.74

Maks Energy Solutions India ROCE % Calculation

Maks Energy Solutions India's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	20.761	/	( ( (358.913 - 223.377)	+	(314.954 - 148.24) )	/ 2 )
	=	20.761	/	( (135.536	+	166.714)	/ 2 )
	=	20.761	/	151.125
	=	13.74 %

Maks Energy Solutions India's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	20.761	/	( ( (358.913 - 223.377)	+	(314.954 - 148.24) )	/ 2 )
	=	20.761	/	( ( 135.536	+	166.714 )	/ 2 )
	=	20.761	/	151.125
	=	13.74 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Maks Energy Solutions India (NSE:MAKS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Maks Energy Solutions India ROCE % Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

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